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By Staff Reporters
- Markets: The war in Ukraine and upcoming Federal Reserve [FOMC] rate hikes took their toll on stocks—the DJIA took another licking for its fourth straight losing week and travel stocks were especially bludgeoned.
- CITE: https://www.r2library.com/Resource/Title/082610254
- Energy: Due to the rapid run-up in oil prices, average US gas prices surged to $3.84 a gallon on Friday. At 11 cents higher than Thursday’s levels, it’s the fastest price increase since Hurricane Katrina in 2005.
| MARKETS |
 NASDAQ:13,313.44-1.66% |
| S&P: 4,328.87-0.79% |
| DJIA: 33,614.80-0.53% |
| 10-Year 1.732%-11.2 bps |
| Bitcoin: $38,879.81-8.69% |
| Delta: $34.52-5.58% |
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FUTURES: Dow futures lost 400 points, or 1.19%, while S&P 500 futures and NASDAQ 100 futures slid 1.5% and 1.91%, respectively.
OIL: West Texas Intermediate crude futures, the U.S. oil benchmark, traded as much as 10%, hitting $130 per barrel at one point before pulling back slightly. The international benchmark, Brent crude, traded 9% higher to $128.60, also the highest prices seen since 2008.
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Filed under: Alerts Sign-Up, Glossary Terms, Investing | Tagged: Bitcoin, brent oil, Delta, DJIA, DJIA futures, dow futures, energy, gas prices, NASDAQ, oil, S&P, Ukraine |
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Mid Night Update
DOW Futures
-438.00-1.30%
Level 33,145.00
Fair Value 33,577.06
Implied Open-432.06
S&P 500 Futures
-70.00-1.62%
Level 4,257.25
Fair Value 4,326.23
Implied Open-68.98
Nasdaq Futures
-292.25-2.11%
Level 13,547.50
Fair Value 13,835.10
Implied Open-287.60
Dr. David E. Marcinko MBA
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Morning Update
European stocks careened lower on Monday on the threat of further sanctions against commodities production giant Russia over its invasion of Ukraine.
The Stoxx Europe 600 slumped nearly 4%, putting the index on track for its worst performance on the year, as commodity prices skyrocketed in response to U.S. Secretary of State Anthony Blinken saying there were active talks about banning Russian oil imports.
Futures on the Dow Jones Industrial Average fell 521 points.
Commodities, which saw the biggest spike in 50 years last week, kept surging, as Brent crude oil futures leapt to $127 per barrel, and wheat futures spiked by 7%.
Dr. David E. Marcinko MBA
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